Schroder Investment Management Group Sells 164,012 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Schroder Investment Management Group lessened its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 37.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 269,410 shares of the transportation company's stock after selling 164,012 shares during the period. Schroder Investment Management Group owned about 0.19% of Expeditors International of Washington worth $29,851,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in EXPD. CreativeOne Wealth LLC acquired a new position in Expeditors International of Washington in the 3rd quarter valued at $239,000. Public Sector Pension Investment Board increased its position in shares of Expeditors International of Washington by 19.6% in the third quarter. Public Sector Pension Investment Board now owns 6,102 shares of the transportation company's stock worth $802,000 after purchasing an additional 1,000 shares during the period. Captrust Financial Advisors raised its stake in Expeditors International of Washington by 11.8% in the third quarter. Captrust Financial Advisors now owns 3,733 shares of the transportation company's stock valued at $490,000 after purchasing an additional 395 shares in the last quarter. Verition Fund Management LLC lifted its position in Expeditors International of Washington by 6.0% during the third quarter. Verition Fund Management LLC now owns 14,628 shares of the transportation company's stock worth $1,922,000 after purchasing an additional 822 shares during the period. Finally, Edgestream Partners L.P. bought a new stake in Expeditors International of Washington during the third quarter worth about $930,000. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Stock Down 1.5 %

Shares of EXPD stock traded down $1.66 during mid-day trading on Friday, reaching $109.00. 2,114,555 shares of the stock traded hands, compared to its average volume of 1,260,889. The company has a market cap of $15.02 billion, a price-to-earnings ratio of 19.06, a price-to-earnings-growth ratio of 5.00 and a beta of 1.03. The stock's fifty day simple moving average is $116.22 and its two-hundred day simple moving average is $117.63. Expeditors International of Washington, Inc. has a 1-year low of $107.17 and a 1-year high of $131.59.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Benchmark restated a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. StockNews.com cut Expeditors International of Washington from a "buy" rating to a "hold" rating in a research note on Sunday, February 16th. JPMorgan Chase & Co. decreased their price target on Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating on the stock in a research note on Wednesday, February 19th. Stifel Nicolaus dropped their price objective on Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating for the company in a research report on Thursday, January 23rd. Finally, Bank of America reduced their price objective on Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Four research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $115.90.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $117.54, for a total value of $146,925.00. Following the sale, the vice president now owns 7,296 shares in the company, valued at approximately $857,571.84. The trade was a 14.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.69% of the company's stock.

Expeditors International of Washington Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.